Rwanda

A new income tax law, Law no. 16/2018, was gazetted on 16 April 2018, repealing Law no. 16/2005 of 18/08/2005 on direct income tax and all prior legal provisions, including the Commissioner General’s rules and Ministerial orders contrary to this law. In the new law, a number of amendments were made. The more significant updates to the law relate to taxation of capital gains derived from sale or transfer of shares, the base and tax point for withholding taxes (WHTs), transfer pricing requirements, and inclusion of more anti-avoidance provisions.